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Sukuk Name:
Bank Al Jazira Sukuk
Type of Structure:
Modarabah-Murabaha
Issue Size (mil):
SAR 1,000.00
Acquistion
Status
Cancelled
Acquirer
Target
Announcement Date
21 Jun 2008
Closing Date
21 Jun 2008
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The Saudi-based Bank Al Jazira (BAJ) provides Islamic commercial banking, brokerage, asset management, investment banking and leasing services and real estate investment, directly and through its subsidiaries. The bank established Aljazira CapitalAljazira Capital ( AJCAJC ), in 2008, a subsidiary that provides Islamic financial services including international brokerage, corporate finance and investment advisory, fund and portfolio management. BAJ’s total assets grew by 10.15% to SAR33 billion (USD8.8 billion) and its net profits increased by 5.04% to SAR29 million (USD8 million), in 2010.
Major Shareholders  |
Section Updated: 30Nov11
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Rashed Abdul Rahman Al Rashed and Sons Company
|
Corporate |
Saudi Arabia |
22.20% |
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Union Brothers for Development Company
|
Corporate |
Saudi Arabia |
6.50% |
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National Bank of Pakistan
|
Corporate |
Pakistan |
5.80% |
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Saleh Abdullah Mohammed Kamel
|
Private |
Saudi Arabia |
5.00% |
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General Organization for Social Insurance - Saudi Arabia
|
Government |
Saudi Arabia |
- |
|
Public
|
|
- |
60.50% |
Note: General Organization for Social Insurance - Saudi Arabia's shareholding is part of the public stake.
Foreign Ownership Limits
Section Updated: 29Dec09
100%
GCC Nationals
49%
Foreigners
|
Direct Investments and Related Entities  |
| Subsidiaries/Associates/Affiliates |
|
|
|
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| Aljazira Capital |
Saudi Arabia |
99.99% |
| Aman Real Estate Company |
Saudi Arabia |
98.00% |
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Auditors
| Ernst and Young Jeddah |
Deloitte and Touche Bakr Abulkhair and Company |
| Financial Results |
31-Dec-09 |
31-Dec-10 |
Yr on Yr |
| |
SAR'000 |
SAR'000 |
change (%) |
Total revenues  |
1,165,644
|
1,109,235
|
(4.84) |
Net profit  |
27,524
|
28,912
|
5.04 |
| Total assets |
29,976,604
|
33,018,221
|
10.15 |
| Paid-up capital |
3,000,000
|
3,000,000
|
0.00 |
| Shareholders' Equity |
4,485,867
|
4,515,518
|
0.66 |
| Shares outstanding |
300,000
|
300,000
|
0.00 |
| Market capitalization |
5,745,000
|
4,935,000
|
(14.10) |
| » View Full Financials |
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